Coupa Software Inc (COUP) CEO Sells $2,635,218.00 in Stock

Coupa Software Inc (NASDAQ:COUP) CEO Robert Bernshteyn sold 63,225 shares of Coupa Software stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.68, for a total transaction of $2,635,218.00. Following the sale, the chief executive officer now owns 197,244 shares of the company’s stock, valued at $8,221,129.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Robert Bernshteyn also recently made the following trade(s):

  • On Wednesday, January 17th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $35.27, for a total transaction of $2,229,945.75.
  • On Thursday, December 21st, Robert Bernshteyn sold 1,849 shares of Coupa Software stock. The stock was sold at an average price of $32.32, for a total transaction of $59,759.68.
  • On Friday, December 15th, Robert Bernshteyn sold 63,225 shares of Coupa Software stock. The stock was sold at an average price of $33.13, for a total transaction of $2,094,644.25.

Coupa Software Inc (COUP) traded up $0.77 during midday trading on Wednesday, reaching $42.62. 1,312,889 shares of the company were exchanged, compared to its average volume of 732,791. The firm has a market capitalization of $2,286.08, a P/E ratio of -54.51 and a beta of 4.73. Coupa Software Inc has a 52 week low of $22.50 and a 52 week high of $43.83.

Coupa Software (NASDAQ:COUP) last posted its earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $47.30 million during the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The firm’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) earnings per share. analysts expect that Coupa Software Inc will post -0.94 EPS for the current year.

Several research firms have recently commented on COUP. Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, February 8th. SunTrust Banks began coverage on shares of Coupa Software in a research note on Wednesday, January 31st. They set a “buy” rating and a $45.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. Barclays reiterated a “hold” rating and set a $38.00 price objective (up from $34.00) on shares of Coupa Software in a research note on Monday, November 27th. Finally, Northland Securities set a $41.00 price objective on shares of Coupa Software and gave the stock a “buy” rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $39.24.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ensemble Capital Management LLC acquired a new position in Coupa Software during the fourth quarter valued at $203,000. Virtu Financial LLC acquired a new position in Coupa Software during the fourth quarter valued at $233,000. Essex Investment Management Co. LLC acquired a new position in Coupa Software during the fourth quarter valued at $242,000. Personal Capital Advisors Corp acquired a new position in Coupa Software during the fourth quarter valued at $261,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Coupa Software during the fourth quarter valued at $268,000. Institutional investors own 74.30% of the company’s stock.

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About Coupa Software

Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.

Insider Buying and Selling by Quarter for Coupa Software (NASDAQ:COUP)

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